I was about to say that it is very useful material to learn. But looking at the syllabus link, I realized that I took the AB course (long ago), which has apparently been discontinued. The course I took was a pretty solid basic introduction to CS.
At the very least though, doing the AP will let you comfortably place out of the "Intro to Programming" course and skip right to the real intro CS course -- for that reason it is worthwhile.